(PRWEB) November 12, 2012
Allfinanz Limited, the leading provider of automated underwriting and new business software to the life insurance industry today announced a legal name change to Munich Re Automation Solutions Limited.
Allfinanz Limited was acquired by Munich Re in 2007. Since that date the company has become an ever-more integrated member of the Munich Re family. For over a year now, Allfinanz has been trading in the market as Munich Re’s Automation Solutions. To align with the trading name and corporate branding, Allfinanz Limited has changed the name of its legal entity to Munich Re Automation Solutions Limited effective immediately.
This means clients can be confident that the company is on a long-term, sustainable and exciting growth path led by a team of highly committed and experienced professionals. By combining Munich Re’s expertise and reinsurance services with the Allfinanz new business and automated underwriting software solutions, life insurers have access to leading-edge expertise enabling them to grow their addressable market and increase their competitivity.
Munich Re Automation Solutions Limited is retaining the Allfinanz brand name for its product suite and continues to be run as a separate company within the Munich Re Group. The company continues to operate in its current structure and contact details remains un-changed. There has been no change in ownership, no change in staff, and no change in location.
About Munich Re Automation Solutions Ltd
Munich Re’s Automation Solutions is the world leading provider of life underwriting and new business software. For over 20 years, the company has transformed how life insurers are doing business with next generation technology that gives their clients the power to grow more efficiently. The Allfinanz underwriting suite is a powerful and flexible automated underwriting solution that life insurers can easily adapt to achieve the best fit for their business. It enables straight through processing, increased sales and reduced costs for life insurers worldwide. Headquartered in Dublin, the Automation Solutions division of Munich Re has offices in Japan, Australia and the US. Its client base proudly include world leading insurance companies including Zurich, Aegon, HSBC, Prudential, The Hartford, Metropolitan Life, Bank of China and Comminsure.